Shiba

Momentum

Resistance

Shiba Inu

<p style="text-align: left;">SHIB’s uptrend is stalling which may encouradge sellers to return.</p> 
<p><strong>Key Support levels: $0.000014</strong></p> 
<p><strong>Key Resistance levels: $0.000020</strong></p> 
<h2 id="1-shib-stops-under-key-resistance">1. SHIB Stops Under Key Resistance</h2> 
<p>Since late September, SHIB has been trying to break the key resistance at $0.000020, but has failed to do so. The price lacks the momentum right now and sellers appears to be returning. This could push this meme coin into a more significant pullback if buyers don’t put a stop to it soon.</p> 
<figure id="attachment_367640" aria-describedby="caption-attachment-367640" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-26-53.png" data-wpel-link="internal"></a>
 <figcaption id="caption-attachment-367640" class="wp-caption-text">
  Chart by TradingView
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</figure> 
<h2 id="2-sellers-returning">2. Sellers Returning</h2> 
<p>With the bulls undecided, sellers have an opening to take SHIB into a deeper correction. The rejection at the key resistance could see the price revisit the support at $0.000014. The current price action does not give a clear signal at this time, but this could change at any moment.</p> 
<figure id="attachment_367641" aria-describedby="caption-attachment-367641" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-30.png" data-wpel-link="internal"><img class="size-full wp-image-367641" src="https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-30.png" alt="SHIBUSDT_2024-10-24_14-27-30" width="2852" height="1442" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-30.png 2852w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-30-300x152.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-30-1024x518.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-30-768x388.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-30-1536x777.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-30-2048x1035.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-30-50x25.png 50w" sizes="(max-width: 2852px) 100vw, 2852px"></a>
 <figcaption id="caption-attachment-367641" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure> 
<h2 id="3-momentum-is-stalling">3. Momentum is Stalling</h2> 
<p>The weekly MACD shows a flat histogram. This is bad news for bulls since their momentum is stalling and could even reverse. This is slightly surprising, considering not long ago, the MACD did a bullish cross. Buy volume has to return if SHIB is to break higher.</p> 
<figure id="attachment_367642" aria-describedby="caption-attachment-367642" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-21.png" data-wpel-link="internal"><img class="size-full wp-image-367642" src="https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-21.png" alt="SHIBUSDT_2024-10-24_14-27-21" width="2852" height="1442" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-21.png 2852w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-21-300x152.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-21-1024x518.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-21-768x388.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-21-1536x777.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-21-2048x1035.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/SHIBUSDT_2024-10-24_14-27-21-50x25.png 50w" sizes="(max-width: 2852px) 100vw, 2852px"></a>
 <figcaption id="caption-attachment-367642" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure> 
<p>For more updates on the ecosystem, make sure to check out our <a href="https://cryptopotato.com/shibarium-news/" data-wpel-link="internal">Shibarium news</a>.</p> 
<p>The post <a href="https://cryptopotato.com/shiba-inu-shib-price-prediction-for-this-week-2/" rel="nofollow">Shiba Inu (SHIB) Price Prediction for This Week</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.</p>

Shiba Inu (SHIB) Price Prediction for This Week

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